Ming Dynasty, Da Ming Bao Chao, 1 kuan, 1368-1399, black text on grey mulberry bark, two rectangular red seals on face, 10 strings of cash at centre,, (Pick AA10, Smith Matravers T36-20 for type), in PMG holder, repaired 20 Very Fine, the earliest issue of paper money.

Estimate: £5,000 - £6,000